News Corporate Actions Sical Logistics Completes Rights Issue Allotment of 1.45 Crore Shares at Rs. 64 Per ShareSical Logistics Completes Rights Issue Allotment of 1.45 Crore Shares at Rs. 64 Per Share
Sical Logistics Limited has completed the allotment of 1,45,35,790 rights equity shares at Rs. 64 per share, approved by the Board on March 12, 2026. The rights issue increased the company's paid-up equity share capital from Rs. 65,24,90,800 to Rs. 79,78,48,700. The process was conducted in consultation with Cameo Corporate Services Limited as registrar and received approval from NSE as the designated stock exchange.
*this image is generated using AI for illustrative purposes only.
Sical Logistics Limited has successfully completed the allotment of 1,45,35,790 rights equity shares at Rs. 64 per share, marking a significant milestone in the company's capital expansion program. The allotment was approved through a Board circular resolution on March 12, 2026, at 5:30 p.m., following comprehensive regulatory procedures and stakeholder consultations.
Rights Issue Details and Pricing Structure
The rights equity shares carry a face value of Rs. 10 each and were issued at Rs. 64 per share, which includes a premium of Rs. 54 per share. The allotment was made to public shareholders and renouncees in accordance with the letter of offer dated February 16, 2026. The entire process was conducted in consultation with Cameo Corporate Services Limited, serving as the Registrar to the Issue, and received approval from the National Stock Exchange of India Limited as the designated stock exchange.
Capital Structure Transformation
The rights issue has resulted in a substantial increase in Sical Logistics' paid-up equity share capital. The following table illustrates the capital structure changes:
| Capital Structure: | Number of Equity Shares | Amount (Rs.) |
|---|---|---|
| Pre-Rights Issue: | 6,52,49,080 | 65,24,90,800 |
| Post-Rights Issue: | 7,97,84,870 | 79,78,48,700 |
This represents an increase of approximately 22.29% in the total number of equity shares outstanding and a corresponding increase in the paid-up share capital.
Regulatory Compliance and Timeline
The rights issue process followed a structured timeline with multiple Board approvals. The initial approval for the rights issue was granted during the Board meeting on January 23, 2026, where the issuance of equity shares through rights offering was approved in accordance with the Companies Act, 2013, and SEBI regulations. Subsequent Board meetings on February 12, 2026, and February 13, 2026, addressed various matters related to the rights issue and approved minor corrections to the issue terms.
Issue Structure and Regulatory Framework
The rights issue was conducted under the regulatory framework of:
- Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
- Companies Act, 2013 and related rules
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
The company has disclosed all required details under Regulation 30, ensuring full transparency and compliance with regulatory requirements. The information regarding the allotment has been made available on the company's website at sical.in for stakeholder access.
Corporate Communication
The allotment details were formally communicated to both BSE Limited and National Stock Exchange of India Limited through official disclosure letters. Company Secretary and Compliance Officer Vaishali Jain signed the regulatory filings, ensuring proper corporate governance procedures were followed throughout the rights issue process.
Historical Stock Returns for Sical Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.83% | +1.00% | -14.18% | -13.82% | -9.58% | -23.61% |
16
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
